Natural Gas Futures Broker Steve Blair’s Summer Price Outlook

In the latest episode of NGI’s Hub & Flow, NGI Senior Markets Editor Kevin Dobbs interviews Paragon Global Markets LLC’s Steve Blair, managing director of institutional energy sales.   Blair addresses production and supplies in storage, domestic weather and LNG demand, and sets the stage for the summer ahead in natural gas markets.    Blair noted that, while prices are currently suppressed following a mild winter and record production during the heating season, natural gas output in recent weeks has come off record highs. Major producers such as Chesapeake Energy and EQT Corp. have publicly announced efforts to scale back production to align supply/demand. Forecasts, meanwhile, point to another hot summer. Longer term, LNG export facilities are poised to open soon on the Gulf Coast to meet growing global gas needs. Should demand rise in parallel with lower production, markets could rally.   Blair and Dobbs delve into the state of natural gas markets.